More Stories

Informist, Friday, Jan. 31, 2025

--Cholamandalam: Jan-Mar performance will be quite better than Oct-Dec

--CONTEXT: Comments by Cholamandalam's mgmt in post-earnings analyst call 

--Cholamandalam: Credit cost should start coming down from FY26 

--Cholamandalam: Expect disbursements to grow consistently at 25% on year  

MUMBAI – Cholamandalam Investment and Finance Co. Ltd. expects its performance to improve in the current quarter compared to the Oct-Dec quarter, the company's management said at a post-earnings analyst call on Friday. The non-bank lender is optimistic about Jan-Mar as some segments are showing better performance and vehicle finance are inching up, the management said. 

The management said it is seeing an improvement in segments such as small commercial vehicles, light commercial vehicles, used commercial vehicles, and tractors, which were not doing well in the previous quarters, following corrective measures taken by the company. 

The non-bank financier is confident of posting steady growth in disbursements and assets under management going ahead.

The management expects the disbursements to grow 25% and assets under management to rise 35-40% in 2025-26 (Apr-Mar).

"Now, we are focusing on stabilisation and increasing efficiency," the management said. 

Cholamandalam's disbursements rose 15% on year to INR 258.06 billion in the December quarter. The assets under management were at INR 1.74 trillion as on Dec. 31, up 30% on year. The management said it expects the credit cost to start coming down from the next financial year. 

Cholamandalam posted a 24% on year growth in its net profit to INR 10.87 billion in the December quarter on the back of a rise in total income and assets under management. The non-banking financier's total income rose 36% on year to INR 68.12 billion in Oct-Dec.

On Friday, shares of the company closed 0.5% higher at INR 1,285.85 on the National Stock Exchange. The company announced its December quarter earnings during market hours. End

Reported by Christina Titus and Kabir Sharma

Edited by Saji George Titus

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.

Informist Media Tel +91 (22) 6985-4000 

Send comments to feedback@informistmedia.com

© Informist Media Pvt. Ltd. 2025. All rights reserved.